ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0548%/8h= −60.0% APRnext payment −$0.69 per $10,000 · paid last 24h −0.137%

Price spread now: ApeX Omni against Coinbase International−0.253%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$800.798% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.460%−$46 on $10k

Price spread, last 3 days (all we have)+0.026%+$3 · spread now −0.253%, 7d avg −0.119%

Together, before fees−0.435%−$43 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and ApeX Omni is 0.135% cheaper against Coinbase International than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.119%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ENA-PERP-INTX	0.2131	0.0648	pay 0.0081% / 1h	49m 06s	$837K	$1.8M	50x
Short	ApeX Omni ENAUSDT	0.2126	0.0100	get 0.0013% / 1h	49m 06s	$32K	$690K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now −0.253%Rate

Funding earned: −$115.08
Price spread: −0.253% → −0.119%: −$13.45
Slippage, 4 orders: −$59.79
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$208.32
Costs to cover: 0.798%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; ApeX Omni: live order book, 19 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 5 min ago	9.17 bp	19.6 bp −$20	30.5 bp −$305	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 19 min ago	11.52 bp	20.5 bp −$21	146.8 bp −$1,468	doesn't fit	doesn't fit

ENA on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2129	−0.094%	$79K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2131	−0.013%	$91K	—	150x	as long as short
01 Exchange ENAUSD	+0.0016%	1h	0.2133	+0.075%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.375%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0036%	1h	0.2134	+0.099%	$141K	$15K	5x	as long as short
Orderly PERP_ENA_USDC	+0.0038%	4h	0.2129	−0.136%	$41K	$23K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2129	−0.136%	$5.5M	$13.6M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2132	+0.028%	$53K	$526K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2133	+0.066%	$703K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2133	+0.056%	$1.5M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2135	+0.147%	$418K	$548K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2129	−0.136%	$132.4M	$444.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2128	−0.174%	$87.1M	$186.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2128	−0.164%	$21.2M	$109.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2124	−0.324%	$17K	$408K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2135	+0.169%	$116K	$253K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2127	−0.190%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2128	−0.174%	$10.8M	$20.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2126	−0.235%	$44.9M	$43.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2130	−0.075%	$24.6M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2126	−0.249%	$48.2M	$61.0M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2128	−0.160%	—	$32.7M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2129	−0.127%	$368K	$383K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2125	−0.290%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2121	−0.486%	$244K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2124	−0.341%	$356K	$4.8M	10x	as long as short
ApeX Omni ENAUSDTshort	+0.0100%	1h	0.2126	−0.253%	$32K	$690K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2133	+0.061%	$180K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2077	−2.543%	$1K	$844K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2129	−0.113%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2134	+0.141%	$275K	$1.0M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2129	−0.113%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2133	+0.077%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2129	−0.091%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2127	−0.206%	$7K	$351K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0250%	1h	0.2130	−0.089%	$2.7M	$4.9M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2131	−0.038%	$51K	—	100x	as long as short
Extended ENA-USD	+0.0304%	1h	0.2127	−0.188%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2132	+0.047%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2131	−0.013%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0499%	1h	0.2130	−0.084%	$114.7M	$74.4M	10x	as long as short
Coinbase International ENA-PERP-INTXlong	+0.0648%	1h	0.2131	long leg	$837K	$1.8M	50x